SYBW.DE vs. VGTY.DE
SYBW.DE (State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist)) and VGTY.DE (Vanguard USD Treasury Bond UCITS ETF Distributing) are both Government Bonds funds - SYBW.DE tracks the Bloomberg U.S. 1-3 Year Treasury Bond Index while VGTY.DE tracks the Bloomberg Global Aggregate US Treasury Float Adjusted Index. Both are passively managed. Over the past 5 years, SYBW.DE returned 2.56%/yr vs 0.19%/yr for VGTY.DE. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.05% expense ratio.
Performance
SYBW.DE vs. VGTY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SYBW.DE achieves a 3.59% return, which is significantly higher than VGTY.DE's 2.87% return.
SYBW.DE
- 1D
- 0.05%
- 1M
- 1.76%
- 6M
- 3.44%
- YTD
- 3.59%
- 1Y
- 6.16%
- 3Y*
- 2.70%
- 5Y*
- 2.56%
- 10Y*
- 1.33%
VGTY.DE
- 1D
- -0.05%
- 1M
- 1.91%
- 6M
- 2.81%
- YTD
- 2.87%
- 1Y
- 6.01%
- 3Y*
- 1.47%
- 5Y*
- 0.19%
- 10Y*
- —
SYBW.DE vs. VGTY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.59% | -6.50% | 9.98% | 0.49% | 2.02% | 7.59% | -6.16% | 5.97% | 6.10% | -1.78% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 2.87% | -5.53% | 6.49% | 0.32% | -6.92% | 5.85% | -1.94% | 9.66% | 4.95% | -2.98% |
Correlation
The correlation between SYBW.DE and VGTY.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2017 | 0.81 |
The correlation between SYBW.DE and VGTY.DE has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
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Return for Risk
SYBW.DE vs. VGTY.DE — Risk / Return Rank
SYBW.DE
VGTY.DE
SYBW.DE vs. VGTY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) and Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SYBW.DE | VGTY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.20 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.50 | +0.24 |
| Martin ratioReturn relative to average drawdown | 4.36 | 3.90 | +0.47 |
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Drawdowns
SYBW.DE vs. VGTY.DE - Drawdown Comparison
The maximum SYBW.DE drawdown since its inception was -28.24%, which is greater than VGTY.DE's maximum drawdown of -17.51%. Use the drawdown chart below to compare losses from any high point for SYBW.DE and VGTY.DE.
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Drawdown Indicators
| SYBW.DE | VGTY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.24% | -17.51% | -10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -3.98% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -11.05% | +0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -12.61% | -12.99% | +0.38% |
Max Drawdown (10Y)Largest decline over 10 years | -20.37% | — | — |
Current DrawdownCurrent decline from peak | -5.29% | -11.40% | +6.11% |
Average DrawdownAverage peak-to-trough decline | -9.75% | -9.06% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.41% | 1.54% | -0.13% |
Volatility
SYBW.DE vs. VGTY.DE - Volatility Comparison
State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) (SYBW.DE) and Vanguard USD Treasury Bond UCITS ETF Distributing (VGTY.DE) have volatilities of 1.52% and 1.57%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SYBW.DE | VGTY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.52% | 1.57% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.95% | 3.81% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.54% | 5.47% | +0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.16% | 7.99% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.47% | 7.66% | +2.81% |
SYBW.DE vs. VGTY.DE - Expense Ratio Comparison
Both SYBW.DE and VGTY.DE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
SYBW.DE vs. VGTY.DE - Dividend Comparison
SYBW.DE's dividend yield for the trailing twelve months is around 3.83%, less than VGTY.DE's 4.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SYBW.DE State Street SPDR Bloomberg 1-3 Year U.S. Treasury Bond UCITS ETF (Dist) | 3.83% | 4.34% | 3.98% | 3.01% | 0.64% | 0.54% | 1.91% | 2.03% | 1.33% | 1.05% | 0.68% | 0.53% |
VGTY.DE Vanguard USD Treasury Bond UCITS ETF Distributing | 4.19% | 4.49% | 3.94% | 3.47% | 2.14% | 1.17% | 1.67% | 2.35% | 2.28% | 0.30% | 0.00% | 0.00% |
Frequently Asked Questions
SYBW.DE and VGTY.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SYBW.DE and VGTY.DE have the same expense ratio: 0.05% per year.
SYBW.DE tracks Bloomberg U.S. 1-3 Year Treasury Bond Index, while VGTY.DE tracks Bloomberg Global Aggregate US Treasury Float Adjusted Index. They also come from different issuers: State Street and Vanguard.
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